ONE STANLEY Launches Villa 29 for Tender Sale, Project Records HK$5.4B in Total Sales
On.cc · 2 SOURCESabout 2 hours ago2 MIN
Summary
K. & K. Property's luxury waterfront development ONE STANLEY in Stanley has unveiled Villa 29, named Themis, which will be offered for sale by tender starting September 1. The 3,382 sq ft four-bedroom villa features a private elevator, 1,126 sq ft garden, and 737 sq ft rooftop. The project has sold 50 units for over HK$5.4 billion, with four villas fetching approximately HK$700 million in the past two months alone.
Key Points
- Villa 29 "Themis" sits on the project's top-tier Coral Avenue, spanning 3,382 sq ft with a four-bedroom, four-bathroom layout plus study, maid's quarters, storage, and private elevator access
- Ground floor features 4.2-meter ceilings and a 9.7-meter open-plan living-dining area opening to a 1,126 sq ft garden; master bedroom on the second floor measures 6.4m by 6.2m with sea-view balcony
- The project sold four villas in the past two months for approximately HK$700 million, while comparable Villa 27 fetched over HK$146 million at HK$44,200 per sq ft
- Director Cheng Chi-wing noted only two units of Villa 29's layout remain available, with multiple buyers negotiating for villas and specialty units
- Market forecasts predict 13-18% price growth for luxury residences and 10-15% for small-to-medium units this year, driven by robust demand and returning overseas executives
Why It Matters
ONE STANLEY represents a rare collection of just 82 low-density waterfront units in Hong Kong's tightly constrained Stanley market, attracting wealthy local, mainland Chinese, and international buyers. The project's strong sales performance and limited supply underscore persistent demand for premium waterfront properties despite broader market headwinds, while also signaling optimism among banks offering attractive mortgage packages to buyers .
ONE STANLEY represents a rare collection of just 82 low-density waterfront units in Hong Kong's tightly constrained Stanley market, attracting wealthy local, mainland Chinese, and international buyers. The project's strong sales performance and limited supply underscore persistent demand for premium waterfront properties despite broader market headwinds, while also signaling optimism among banks offering attractive mortgage packages to buyers .